NEW YORK (AP) — The price of oil was lower Tuesday as investors weighed the implications of political uncertainty in Italy, the latest assessment of the economy from the head of the Federal Reserve and prospects for growing US crude supplies.
The American Petroleum Institute called for the Energy Department to authorize liquefied natural gas exports, arguing the move would represent "an unequivocal plus" for economic growth, the Global Times reports.
ALLENTOWN, Pa. (AP) — A utility has agreed to pay a $500,000 fine and speed replacement of its cast-iron pipelines following an eastern Pennsylvania gas explosion that killed five people two years ago.
A record of a Feb. 21 meeting revealed the White House Office of Management and Budget met with oil companies including Shell, Exxon and BP to discuss federal rules governing hydraulic fracturing, The Hill reports.
Liberal watchdog group Checks and Balances Project said the State Department inspector general is investigating potential conflicts of interests in the department's environmental review of the Keystone XL pipeline, The Hill reports.